Cotton futures fell on Wednesday, with contracts down 37 to 53 points. The US dollar index rose $0.392 to $96.640 after the Fed cut rates by 25 basis points. Crude oil futures dropped $0.59. The Seam reported 909 bales sold at an average of 63.60 cents/lb. ICE cotton stocks remain steady. USDA’s AWP is at 54.10 cents/lb. Oct 25 Cotton closed at 65.86, down 53 points. Dec 25 Cotton closed at 67.25, down 43 points. Mar 26 Cotton closed at 69.2, down 37 points. Austin Schroeder had no positions in mentioned securities. Information is for informational purposes.
Read more at Yahoo Finance: Cotton Pulls Back on Wednesday
